Legal Question in Business Law in New York

Question 1: What's the likelihood that my friend will be personally liable for the fire if they find that his laundromat was at fault for starting the fire?

If the laundromat was leased and operated from his personal name, he may be held responsible for the fire. However (I have a lot of dealings with laundromats), most leases require insurance. Hopefully, his lease also required insurance which would be responsible for payment.

Question 2: His home is owned jointly by him and his wife. If people try to go after his personal property, can they still go after a joint property?

A. If the property is owned by him and his wife, then the answer is no. However, a judgment would still be deemed a lien on the property.

Mike.

Mr. Markowitz is correct with his answers but it would be a very good idea to retain an attorney experienced in these matters.

We have substantial experience handling these types of cases, however, we would need some more information before making a complete and proper determination. You are welcome to contact us for a free consultation.

Gordon

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